Battle financing
Battle Mountain Gold (NYSE) is planning an issue of five million common shares which will gross about $105 million. The deal is one in a series of large gold equity offerings which have hit the market…
Articles by Northern Miner Staff
U.S. ruling removes delays at Crow Butte uranium project
Nebraska’s Attorney General has issued a favorable ruling on a foreign ownership issue that has held up the permitting process for the Crow Butte uranium mining project in that state. In a recent rele…
Rio Algom, Denison both sue over Elliot mine practices
Uranium miners Rio Algom (TSE) and Denison Mines (TSE) are suing each other over mining practices near the borders of their respective properties close to Elliot Lake, Ont. In two separate lawsuits, R…
Montreal Exchange Latest Grevet results
The volatile gold market had a negative effect on resource issues for the week ended Feb. 6, with the mining and minerals index off more than 19 points in mixed trading. The general market portfolio i…
Ralph Bailey receives AMC’s service award
Ralph Bailey, 65, has been named the recipient of the fourth Distinguished Service Award of the American Mining Congress (AMC). He served as chairman of AMC 1983-85 and remains an honorary member of i…
VSM, Serem confident of boosting reserves
The latest drilling results from the Grevet M zinc-copper-silver project near Matagami, Que., should significantly increase reserve estimates, say project partners VSM Exploration (ME) and Serem Quebe…
Apec has plans for ammolite
Calgary-based Apec Mining is hoping to become a major national and international ammolite gemstone supplier. Apec recently joined with Canada Northwest Energy to explore for and mine the mineral in Al…
Staking disputes escalate in Eskay Creek camp
Complicated and messy claim disputes are spreading like wildfire through the Eskay Creek region, north of Stewart, B.C., a rugged and remote area brought to prominence by a significant gold-base metal…
Falling commodity prices cut into Noranda earnings
Earnings for 1989 of $442 million ($2.19 per share) after preferred dividends were announced by Noranda (TSE), compared with $603 million ($3.14 per share) for the previous year. Revenue for the year …
CopperQuest funding
CopperQuest (COATS) has raised $300,000 after completing a public offering of 1.5 million shares at 21 cents per share. The funds will be used to finance exploration on the company’s Knife Lake copper…
Metal Prices (February 12, 1990)
FREE MARKET London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) DateFeb 6Feb 5Feb 2Feb 1Jan 31 Copper1326-13271329-13311364-13651326-13281304…
BMR finds new gold zone at America mine project
Some encouraging gold intersections were reported recently by BMR Gold (ASE) from its America mine project, 120 miles south of Las Vegas, near Amboy, Calif. Under an agreement with Fischer- Watt Gold …